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    Considerations in the Choice of the Appropriate Discount Rate for Evaluating Sovereign Debt Restructurings
    Unavailable
    Considerations in the Choice of the Appropriate Discount Rate for Evaluating Sovereign Debt Restructurings
    Unavailable
    Considerations in the Choice of the Appropriate Discount Rate for Evaluating Sovereign Debt Restructurings
    Ebook54 pages31 minutes

    Considerations in the Choice of the Appropriate Discount Rate for Evaluating Sovereign Debt Restructurings

    By Julie Kozack

    ()

    Currently unavailable

    Currently unavailable

    About this ebook

    Assessments regarding the effectiveness of sovereign debt restructurings are often summarized by comparisons of the net present value of debt service before and after the restructuring. These calculations are inherently sensitive to the choice of discount rate. This paper explores issues that arise in selecting discount rates when evaluating sovereign debt restructurings. It suggests using a range of discount rates and centering the analysis around the internal rate of return to assess whether the debt restructuring has generated net present value savings or costs to the debtor.

    LanguageEnglish
    PublisherINTERNATIONAL MONETARY FUND
    Release dateDec 1, 2005
    ISBN9781452754376
    Unavailable
    Considerations in the Choice of the Appropriate Discount Rate for Evaluating Sovereign Debt Restructurings

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